Helikon Investments Ltd
Follow13F filer, CIK 1839497, LONDON, United Kingdom
Helikon Investments Ltd reported $1,613,719,504 across 19 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-08. Its ten largest share positions make up 86.6% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001839497-25-000005
- Period
- 2025-06-30
- Reported value
- $1.61B
- Holdings
- 19
- Top 10 weight
- 86.6%
- New
- 2
- Sold out
- 4
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| MGMadded | +6,974,347 | $240M |
| AAUCnew | +11,791,913 | $159M |
| PPLInew | +2,036,840 | $76.1M |
| SKEadded | +2,112,796 | $33.6M |
| SLSRadded | +3,942,810 | $18.1M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| EGOreduced | -9,585,492 | -$195M |
| AGROreduced | -9,211,704 | -$84.2M |
| VEONreduced | -975,502 | -$44.9M |
| CZRexited | -1,164,049 | -$29.1M |
| BVNexited | -1,707,359 | -$26.7M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q2 2025
Share positions as resolved from 13F-HR 0001839497-25-000005, largest first. % of portfolio is the value over $1,613,719,504, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| MGMMGM RESORTS INTERNATIONAL | 8,810,322 | $303M | 18.78% | +6,974,347 | Timeline | ||
| CAAPCORPORACION AMER ARPTS S A | 13,342,552 | $270M | 16.75% | -279,847 | Timeline | ||
| SKESKEENA RES LTD NEW | 14,030,111 | $223M | 13.84% | +2,112,796 | Timeline | ||
| AAUCALLIED GOLD CORP | 11,791,913 | $159M | 9.88% | new | Timeline | ||
| CNLCOLLECTIVE MINING LTD | 9,916,894 | $108M | 6.72% | +25,000 | Timeline | ||
| EGOELDORADO GOLD CORP NEW | 4,760,879 | $96.8M | 6% | -9,585,492 | Timeline | ||
| PPLIPEOPLE INC | 2,036,840 | $76.1M | 4.71% | new | 2026-09-30, 13G/A: 7,857,290 shares, 11.44% of the class, 13G/A filed 2026-10-06 | Timeline | |
| VEONVEON LTD | 1,462,295 | $67.4M | 4.17% | -975,502 | Timeline | ||
| EDNEMPRESA DIST Y COMERCIAL NOR | 1,788,285 | $47.4M | 2.94% | -242,751 | Timeline | ||
| IFSINTERCORP FINL SVCS INC | 1,188,211 | $45.3M | 2.81% | 0 | Timeline | ||
| EQXEQUINOX GOLD CORP | 7,699,497 | $44.3M | 2.74% | +2,084,762 | Timeline | ||
| PAMPAMPA ENERGIA SA | 492,578 | $34.2M | 2.12% | 0 | Timeline | ||
| IRSIRSA INVERSIONES Y REP S A | 2,367,181 | $33M | 2.04% | +938,706 | Timeline | ||
| COHENCIRCLEACQUISITIONCORCOHENCIRCLEACQUISITIONCOR | 2,492,592 | $27.3M | 1.69% | +641,145 | |||
| AGROADECOAGRO S A | 2,825,500 | $25.8M | 1.6% | -9,211,704 | Timeline | ||
| SLSRSOLARIS RES INC | 4,811,620 | $22M | 1.37% | +3,942,810 | Timeline | ||
| IHSIHS HOLDING LIMITED | 2,357,338 | $13.1M | 0.81% | +923,684 | Timeline | ||
| CRESYCRESUD S A C I F Y A | 395,181 | $4.25M | 0.26% | +69,317 | Timeline |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| LITHIUM ARGENTINA AGLITHIUM ARGENTINA AG NOTE 1.750% 1/1 | principal | 14,611,000 | $12.2M | 0 |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
How Q2 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001839497-25-000005 | base | 2025-08-08 | acceptance time not in the bulk data set |